Virtusa (NASDAQ:VRTU) Releases Q2 2021 After-Hours Earnings Guidance
Virtusa (NASDAQ:VRTU) updated its second quarter 2021
After-Hours earnings guidance on Thursday. The company provided earnings per share (EPS) guidance of 0.50-0.56 for the period, compared to the Thomson Reuters consensus estimate of $0.34. The company issued revenue guidance of $311-319 million, compared to the consensus revenue estimate of $301.8 million.Virtusa also updated its Q2 guidance to $0.50 to $0.56 EPS.
A number of research firms have commented on VRTU. Barrington Research reissued a buy rating and issued a $38.00 price objective on shares of Virtusa in a research note on Thursday, May 14th. Needham & Company LLC upped their price target on Virtusa from $35.00 to $46.00 and gave the company a buy rating in a research note on Friday. Rosenblatt Securities lowered Virtusa from a buy rating to a neutral rating in a research note on Thursday, April 16th. Zacks Investment Research lowered Virtusa from a hold rating to a sell rating in a research note on Wednesday. Finally, BidaskClub raised Virtusa from a hold rating to a buy rating in a research note on Thursday. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and five have issued a buy rating to the stock. The stock currently has an average rating of Hold and an average target price of $42.50.
NASDAQ VRTU traded up $5.33 on Friday, reaching $40.60. The company had a trading volume of 1,534,082 shares, compared to its average volume of 203,137. The stock’s 50 day moving average is $31.91 and its 200-day moving average is $35.10. The stock has a market cap of $1.07 billion, a price-to-earnings ratio of 33.01, a PEG ratio of 1.87 and a beta of 1.38. The company has a quick ratio of 2.70, a current ratio of 2.70 and a debt-to-equity ratio of 1.31. Virtusa has a 52 week low of $19.48 and a 52 week high of $52.81.
Virtusa Company Profile
Virtusa Corporation provides digital engineering and information technology (IT) outsourcing services worldwide. The company offers business and IT consulting services, including advisory/target operating model, business process re-engineering/business management, transformational solution consulting, and business/technology alignment analysis; omni-channel digital strategy, experience design accelerated solution design, and employee engagement; and application portfolio rationalization, SDLC transformation, and BA competency transformation services.
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